Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

MAXAR TECHNOLOGIES INC.

(MAXR)
  Report
Delayed Nyse  -  04:00:02 2023-01-27 pm EST
51.32 USD   -0.19%
01/26Special Report-A Russian graveyard reveals Wagner's prisoner army
RE
01/25European Midday Briefing: Softer U.S. Earnings Weigh on Mood
DJ
01/24European Natural Gas Prices Drop as Cold Temperatures are Forecast to be Short-Lived, ANZ Bank Says
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Maxar-built Galaxy 31 and Galaxy 32 Satellites for Intelsat Performing Properly After Launch

11/12/2022 | 03:49pm EST

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that Galaxy 31 and Galaxy 32, built for Intelsat, are performing as expected after being launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida.

These two geostationary satellites will enable Intelsat, operator of the world’s largest integrated satellite and terrestrial network and leading provider of inflight connectivity, to transfer its services—uninterrupted—as part of the U.S. Federal Communications Commission (FCC) plan to reallocate parts of the C-band spectrum for 5G terrestrial wireless services. Galaxy 31 and Galaxy 32 are the first of five satellites that Intelsat contracted Maxar to build for the C-band transition. All five satellites will be built on Maxar’s proven 1300-class platform, which offers the flexibility and power needed for a broad range of customer missions.

Shortly after launch earlier today, both satellites deployed their solar arrays and began receiving and sending signals. Next, Galaxy 31 and Galaxy 32 will begin firing thrusters to commerce their journeys to final geostationary orbit.

“Today’s launch of Galaxy 31 and Galaxy 32 is another milestone in Maxar and Intelsat’s decades-long relationship,” said Chris Johnson, Maxar Senior Vice President and General Manager of Space. “Our team will begin initial on-orbit checkout and Intelsat will proceed with commissioning activities of these satellites so that Intelsat can start moving their services to the new spectrum.”

“The Intelsat Galaxy fleet is the most reliable and efficient media content distribution system in North America, enabled by Maxar’s engineering and manufacturing expertise,” said David C. Wajsgras, Intelsat CEO. “This investment will deliver a high-performance technology path through the next decade.”

Maxar also manufactured Intelsat’s Galaxy 35 and Galaxy 36, which are preparing for launch in mid-December 2022.

About Maxar

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.

Forward-Looking Statements

This press release may contain forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Any such forward-looking statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including those included in the Company’s filings with U.S. securities and Canadian regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as may be required under applicable securities law.


ę Business Wire 2022
All news about MAXAR TECHNOLOGIES INC.
01/26Special Report-A Russian graveyard reveals Wagner's prisoner army
RE
01/25European Midday Briefing: Softer U.S. Earnings Weigh on Mood
DJ
01/24European Natural Gas Prices Drop as Cold Temperatures are Forecast to be Short-Lived, A..
MT
01/19Space startups funding halved in 2022 as investors shift to safer bets
RE
01/16European Natural Gas Prices Record Another Weekly Decline on Healthy Inventories, LNG I..
MT
01/13European Natural Gas Prices Gain Amid Forecasts of Colder Weather, ANZ Bank Says
MT
01/10Maxar Technologies : Opens Direct Primary Care Clinic for Bay Area Employees
PU
01/06Maxar Technologies Inc. acquired Aurora Insight Inc from Alsop Louie Partners and other..
CI
01/04Maxar Technologies Gets Land Cover and Enhanced API Contracts from US NGA
MT
01/04NGA Awards Maxar Land Cover and Enhanced API Contracts
BU
More news
Analyst Recommendations on MAXAR TECHNOLOGIES INC.
More recommendations
Financials (USD)
Sales 2022 1 724 M - -
Net income 2022 -40,9 M - -
Net Debt 2022 2 148 M - -
P/E ratio 2022 -92,6x
Yield 2022 0,08%
Capitalization 3 828 M 3 828 M -
EV / Sales 2022 3,47x
EV / Sales 2023 3,01x
Nbr of Employees 4 400
Free-Float 96,7%
Chart MAXAR TECHNOLOGIES INC.
Duration : Period :
Maxar Technologies Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MAXAR TECHNOLOGIES INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 51,32 $
Average target price 51,56 $
Spread / Average Target 0,46%
EPS Revisions
Managers and Directors
Daniel L. Jablonsky President, Chief Executive Officer & Director
Biggs C. Porter Chief Financial Officer & Executive Vice President
Howell M. Estes Independent Director
Walter S. Scott Chief Technology Officer & Executive VP
Jeff Robertson Chief Internal Operations & Risk Officer, SVP
Sector and Competitors
1st jan.Capi. (M$)
MAXAR TECHNOLOGIES INC.-0.62%3 828
THALES1.68%27 880
HENSOLDT AG21.27%3 055
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD7.34%2 354
PLANET LABS PBC11.03%1 314
OHB SE3.57%629